sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : Strong clearance rate for Marine Auctions

Strong clearance rate for Marine Auctions

'The marina arms were almost as crowded as the hard stand area as chief auctioneer Adrian Seiffert wielded the hammer at the Runaway Bay auction.'    Bob Wonders    Click Here to view large photo

More than 200 bidders registered for the gala boat auction on the weekend, staged by Brisbane-headquartered Marine Auctions at the Runaway Bay Marina, on the Queensland Gold Coast. About 50 vessels were scheduled to go under the hammer, with Marine Auctions CEO Adrian Seiffert reporting a clearance rate in the region of 60 percent.

'Actually, we've sold another four craft since the auction as a result of follow up, so the clearance rate now is probably closer to 65 percent,' he said.

The Saturday auction attracted the largest crowd I've seen recently at an auction, with the attendance estimated at anywhere from 350 to 1000 at various times during the sale. 'I looked up at one stage and thought we'd better think about building a grandstand to get them all in,' Adrian joked.

At time of writing, the Marine Auctions team was involved in ‘serious negotiations' with a prospective buyer for the Sea Ray 525, which had attracted an offer of $670,000. 'The seller was looking for an offer around $700,000, so we're fairly close,' Adrian explained.

'We've also sold a Meridian 40' cruiser at $300,000, the sale subject to a successful sea trial which I don't expect to cause any problems,' he added. Adrian said buyers were 'definitely out there', but in almost every case were looking for 'real bargains.' 'And the bargains are out there, too, 'he added.

'Quality boats manufactured in the time span 2002 to 2006 are fetching 50 to 60 percent of their original retail price, so for those who choose wisely there are certainly good buys to be had.'

One of the best sales on the day was a 42 Mustang cruiser, said to be in 'mint' condition, which went for $225,000. 'That represented a real saving for the successful bidder for a new Mustang in this series would retail close to half a million dollars,' Adrian declared.

Adrian will next go into action with the hammer at the Meridien Marina, Horizon Shores, just north of the Gold Coast. The auction is set for an 11am start on October 16.

Boaters looking for a 'parking spot' would do well to attend, as several freehold marina berths at the Meridien Marinas complex are among joining the array of boats being offered.

To register for the auction, contact Marine Auctions, Rivergate, Brisbane, telephone (07) 3268-3614.

Adrian Seiffert goes to work aqnd tempts buyers at the Runaway Bay Marina auction staged by Marine Auctions. -  Bob Wonders   Click Here to view large photo

Attendance was remarkably high, estimated at times to be between 350 and 1000 people. -  Bob Wonders   Click Here to view large photo




by Bob Wonders

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=74721

3:22 PM Thu 16 Sep 2010 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on


Related News Stories:

25 Oct 2011  Online boat auctions the way forward
25 Oct 2011  Marine Auctions - Online boat auctions the way forward
25 May 2011  Ten million dollars? Not quite, but getting very close
11 May 2011  Super auction for superyacht
05 Dec 2010  Marine Auctions - last one for 2010
11 Sep 2010  It's on again, boats galore at Gold Coast auction
22 Jul 2010  Boat auctions – a mirror to the industry's ‘health'?
03 Jun 2010  Marine Auctions set to tempt buyers
14 May 2010  Marine Auctions - 22nd May Auction of boats
08 Apr 2010  Marine Auctions comes to the Queensland Gold Coast
MORE STORIES ...

News - USA and the World

America's Cup: Five Challengers sign-on for 35th Match by Richard Gladwell/Sail-World.com/nz,


















AWT Quatro Desert Showdown at Punta San Carlos by American Windsurfing Tour,
















America's Cup: Rod Davis - Time for a change after ten years with team *Feature by Richard Gladwell/Sail-World.com/nz,








Maxi yacht rendezvous this September in Sardinia by International Maxi Association,




















America's Cup: Team NZ wish Davis well with new team *Feature by Richard Gladwell, Sail-world.com/nz,


Fisher's View: Sailing perfection at Hamilton Island- Day 3 by Bob Fisher, Hamilton Island, Queensland


Roble and Wilson still number one match racers in the U.S.
2014 Formula Kite World Championship Day 1
IFDS World Championship - Day 1 images by Jude Robertson
Volvo Ocean Race: Forget the f-word - Team SCA profiled
52 Super Series - Fleet grows, 2015 dates revealed
420 and 470 Junior Europeans - Teams from 9 nations on the podium
IFDS Worlds - Former president presented with ISAF awards medal
Nanjing Youth Olympic Games - Improvements aplenty in Byte CII fleets
America's Cup: New Zealand loses top coach to Artemis Racing
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature
Sevenstar Round Britain and Ireland Race Day 9 - Swish on record pace
2014 CORK Olympic Classes Regatta - Day 3
2014 Nanjing Youth Olympic Games - Day 2
2014 IFDS World Championship: Opening Ceremony images
Opera House Cup - Images by Ingrid Abery
Teams descend upon Cowes for inaugural J/111 World Championships
Hamilton Island Race Week: Everywhere there's smiley people
IFDS World Championships - US Paralympic hopefuls ready for racing
Sopot Match Race - Poland's Tour debut deemed a triumph
Vineyard Race celebrates 80th running of the East Coast classic
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu   
AWT Quatro Desert Showdown - Victory for Morgan Noireaux   
Sevenstar Round Britain and Ireland Race - Day 8: Test of endurance   
Bart's Bash: Over 2300 entered from 588 yacht clubs - Join here   
Halifax ready to welcome the world at 2014 IFDS World Championships   
RC44 World Championship title to Bronenosec + Video   
Audi Hamilton Island Race Week: Day 2 Images by Crosbie Lorimer   
IFDS Worlds - Gary Jobson to attend opening ceremonies   
Melges 32 U.S. National Championship - Dalton DeVos crowned champion   
2014 Nanjing Youth Olympic Games trailer   
2014 Chicago Grand Slam - Canfield wins   
Round Britain and Ireland Race - Varuna takes overall lead   
Audi Hamilton Island Race Week; Crosbie Lorimer Day 1 Images   
Fisher's View: Hamilton Island Race Week - Day 1 - Stayin' Alive   
CORK Olympic Classes Regatta 2014 - Day one   
Youth Olympics: practice over, athletes welcomed, time for YOG sailing   
Round Britain and Ireland Race - Record for Artemis-Team Endeavour   
2014 Melges 32 U.S. National Championship - Day 2   
Sevenstar Round Britain and Ireland: Artemis sets fourth course record   
2014 Chicago Grand Slam - Top seeds survive as semi-finalists   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT